Creditors call for Altheimer liquidation to reclaim $1.3m

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Latest Briefings

Longer term tenancies? Potential implications for lenders

Walker Morris’ Housing and Banking Litigation experts Karl Anders, Justin Coley and Sandip Singh explain the UK government’s consultation on introducing longer-term tenancies in the private rented sector, with a particular focus on potential impacts for lenders…

Assessing creditworthiness in consumer credit: FCA publishes final rules and guidance

The results of a large-scale survey by the Financial Conduct Authority (FCA) in 2017 indicated, among other things, that: 75% of UK adults had one or more consumer credit products or loans in the previous 12 months; 4.1 million people were “in difficulty” because they had already failed to pay domestic bills or meet credit […]

Open Banking, fintech and the Brexit hokey cokey

By Miles Trower London is, arguably, the most important global hub for financial services. As a result, the consequences of the Brexit vote, the ensuing uncertainty and the eventual transitional and regulatory framework applying to UK financial services and how it will continue to access overseas markets has been subject to huge speculation. Much of […]

FCA consultation on a Global Financial Innovation Network

By Russell Kelsall On 7 August 2018, the Financial Conduct Authority (FCA) published a consultation on the creation of a Global Financial Innovation consultation. With innovation in the global financial services market rapidly increasing, it is important for firms to consider the options for building, implementing and sharing experiences of digital solutions.

Austria: The DPA’s strict view on retention periods

At the end of July, the Austrian Data Protection Authority (‘DPA’) published its first decision on retention periods applying the General Data Protection Regulation (‘GDPR’; DSB-D216.471/0001-DSB/2018). The decision is final. The DPA had to decide for which period a provider of telecommunications services (hereinafter: the ‘controller’) may (respectively must) retain so-called master data, required for […]

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EY bucks market trends

Ernst & Young In sharp contrast to PricewaterhouseCoopers (PwC) and Landwell, Ernst & Young (EY) chose to strengthen its ties with its legal network. In June, Ernst & Young Law Alliance rebranded itself as EY Law following a lengthy strategic review. The new network, comprising more than 40 legal practices around the world, will focus […]

Lord Justice Sedley: courts are ‘rabbits in the headlights of the press’

Catherine Zeta-Jones famously laughed off the 1m GBP OK! Magazine paid for photos of her wedding to Michael Douglas as “not that much to us”, so one can only imagine how insignificant was the paltry 14,600 GBP damages they are to receive for the damage caused by the publication of unauthorised paparazzi pictures of their […]

Beiten Burkhardt wins licence for Shanghai launch

German firm Beiten Burkhardt Goerdeler has scooped a licence from the Chinese Ministry of Justice to open a second office on the mainland. Beiten Burkhardt, which already has offices in Hong Kong and Beijing, expects to have its new Shanghai office operational within the next two weeks. The launch will make Beiten Burkhardt the only […]

Malaysia and Korea pledge to open their legal markets

The Malaysian and South Korean governments have told the UK that they want to open up their legal markets to international law firms. Currently, foreign firms are not allowed to open offices in Malaysia or Korea, but following visits from David Lammy MP, the Parliamentary Under-Secretary of the Department of Constitutional Affairs, this could change. […]

Brabners managing partner to chair Eurolegal

Brabners Chaffe Street managing partner Michael Brabner has been appointed as the new chairman of Eurolegal, the European network of independent law firms. Eurolegal comprises 21 member firms in 16 countries. Brabners was a founding member of Eurolegal when the network was set up in 1990.

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